MoonPay eyes tokenized securities push with $60 million acquisition of brokerage firm North Capital
MoonPay has acquired North Capital Investment Technology for over $60 million in an all-stock deal to accelerate its entry into the tokenized securities market. This strategic acquisition provides MoonPay with essential SEC-registered brokerage licenses, including broker-dealer, transfer agent, and alternative trading system (ATS) capabilities. North Capital previously collaborated with tZero to facilitate the trading of tokenized assets, establishing a foundation for compliant digital securities. By integrating these back-end services, MoonPay aims to build the regulatory infrastructure necessary for the mass adoption of tokenized debt and equity. The move follows a broader industry trend where major firms like Robinhood and Kraken are expanding their tokenized asset offerings. This development is further supported by a recent SEC "innovators exemption" that provides a clearer regulatory pathway for companies to offer tokenized stocks. The acquisition underscores the growing institutional focus on programmable financial infrastructure to bridge traditional equities with blockchain technology.